MVB Financial joins Visa Direct stablecoin pilot for push-to-card payouts

  • MVB Financial entered a Visa Direct pilot with Velocity for stablecoin-enabled payout settlement.
  • September 9: MVB said stablecoins would settle Visa Direct push-to-card payouts.
  • MVB said availability varies by eligibility and geography, and the arrangement remains a pilot.

MVB Financial Corp. will participate in a Visa Direct pilot with Velocity, an enterprise payments and treasury platform powered by stablecoins (digital tokens designed to maintain stable value), to support stablecoin-enabled funding and settlement for push-to-card payouts. Stablecoin liquidity will be integrated into MVB's banking and payments operations, with licensed partners handling digital-asset conversion, wallet connectivity and on-chain controls through a single API and regulated wallet infrastructure. The companies said the pilot reflects a broader effort to use stablecoins as a settlement layer beneath existing banking systems rather than as a separate digital-asset product. MVB customers would retain their existing banking relationships and workflows. The initiative follows other stablecoin efforts by major card networks, including Visa's work linking onchain lending with stablecoin card financing. Availability depends on eligibility and geography, and the arrangement remains a pilot.

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